Ethereum (ETH) locked in the Ethereum 2 (ETH 2.0) smart contract has reached a new all-time high. Amid Ethereum’s price continues to rise in the last few days, currently, the global crypto market cap is $855.36B, a 0.14% increase over the last day.
Ethereum, the largest smart contracts blockchain platform in the world today, launched as a PoW network, and like Bitcoin (BTC), relies on mining for transaction processing and network security. The total crypto market volume over the last 24 hours is $37.19B, which makes an 11.22% decrease. The total volume in DeFi is currently $2.72B, 7.30% of the total crypto market 24-hour volume. The volume of all stablecoins is now $34.34B, which is 92.33% of the total crypto market 24-hour volume.
As per the glassnode report, the total value in the ETH 2.0 Deposit Contract just reached an ATH of 15,512,583 ETH. Ethereum, the world’s largest smart contracts blockchain platform today, began as a PoW network and, like Bitcoin (BTC), is dependent on mining for transaction processing and network security. Ethereum’s price and performance have been incredible in recent days, as it has crossed a few key obstacles. This move marked a period of convergence for Bitcoin, indicating the underlying strength of ETH buyers.
Currently Ethereum price in USD is $1,273.73 USD, and the 24-hour trading volume is $6,659,123,109 USD. In the last 24 hours, while writing this report the Ethereum price has dropped by 1.37%. As per the coinmarketcap data a live market capitalisation of Ethereum is $155,870,805,408 USD. It has a circulating supply of 122,373,866 ETH coins and no maximum supply. Notably, Ethereum is the world’s largest smart contracts blockchain platform today, Initially it was working on PoW network and, like Bitcoin (BTC), is dependent on mining for transaction processing and network security.
The current Ethereum price in INR is 103,314 INR. The with a 24-hour trading volume of 527,378,983,333 INR. In the last 24 hours, Ethereum has dropped 1.37%. , with a live market cap of 12,642,943,825,794 INR. It has a circulating supply of 122,373,866 ETH coins and no maximum supply.
Following the FTX crisis, the crypto market has been filled with FUD (fear, uncertainty, and doubt). As assets fell further, crypto investors are unsure whether to buy or sell. According to reports, Ethereum fell nearly 39% in a matter of weeks.
In one month, the price of ETH fell from $1,661 to $1081 due to whale accumulations. The price declines were viewed by whales as an opportunity to increase their ETH holdings. Whale accumulations are frequently indicators of a bullish recovery in an asset. However, Ethereum’s price dropped to $1,081 at first.
Now, however, the tables appear to be turning, and Ethereum appears to be gaining bullish momentum, rising towards $1,350. Ethereum is currently trading at $1,273 per coin, with a 24-hour trading volume of$6,659,123,109 USD. The answer relies on ongoing bullish trend and for the period it remains.